The Palm Residences Ii

11700 Gelugor, Penang, Malaysia

Property Transactions

2 subsales grouped by size

Median
RM3,430,000
PSF
RM868
Period
transactions middle 50% (P25–P75)
4,250 sqft
Semi-D
RM3,680,000
Lintang Minden 1
4,241 sqft · RM868 PSF
4,800 sqft
Semi-D
RM3,180,000
Lintang Minden 1
4,811 sqft · RM661 PSF
Legend Recent Highest Price Highest PSF

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The Palm Residences Ii in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, with a median price of RM3.43 million and a median price per square foot (PSF) of RM868.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM3.43 million, with most transactions falling within a stable range of RM3.18 million to RM3.68 million, and a typical market range of RM3.31 million to RM3.56 million.

Most transactions involved 2 - 2 1/2 storey semi-detached, with minimal variety in property types.

The median PSF stands at RM868, with core pricing between RM764 and RM971. Market pricing typically extends from RM815.97 to RM919.47, reflecting moderate variation in unit pricing. With an IQR of RM103.50 and MAD of RM104, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.